Are there any banks open on Saturday afternoons?

A:

Quick Answer

As of 2015, Wells Fargo, Bank of America, Chase and TD Bank are some banks that are open on Saturday afternoons. However, not every branch of each bank is open on Saturday afternoons. Bankers should visit the institution's website and use its store locator to verify their local branch's hours.

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Many local credit unions also open certain branches on Saturdays, such as the Philadelphia Federal Credit Union, although not all of them are open in the afternoon. Banks open on Saturday typically have truncated hours and close by 2:00 or 3:00 p.m.

Banks generally operate like other financial institutions rather than like retail stores, and so they hold typical business hours and close on holidays. The reason many banks do not open on Saturdays and Sundays is because it is simply not cost-effective. This is particularly true because of the surge of online banking services and the prevalence of ATMs,

Banks that open on weekends do so not because it makes them money, but because it sets them apart from other institutions. TD Bank, for example, boasts about its weekend and extended weekday hours in much of its advertising. TD Bank is also open on many holidays when other banks are closed, such as Martin Luther King Day and Columbus Day.